Meaning of “arbitrate” in the English Dictionary

"arbitrate" in British English

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arbitrateverb [ I or T ]

uk /ˈɑː.bɪ.treɪt/ us /ˈɑːr.bə.treɪt/

(Definition of “arbitrate” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"arbitrate" in American English

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arbitrateverb [ I/T ]

us /ˈɑr·bɪˌtreɪt/

to make a formal judgment to decide an argument:

[ T ] A referee was hired to arbitrate the dispute.
arbitrator
noun [ C ] us /ˈɑr·bɪˌtreɪ·t̬ər/ also arbiter

The independent arbitrator has the approval of both sides in the dispute.

(Definition of “arbitrate” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"arbitrate" in Business English

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arbitrateverb [ I or T ]

uk /ˈɑːbɪtreɪt/ us LAW

to make an official decision that ends a legal disagreement between people or groups without the need for the disagreement to be solved in court:

"We believe that a judge will ultimately say this should be arbitrated, not litigated, and we would comply with that," he said.
A LIFFE official is responsible for ensuring an orderly pit and for arbitrating in the case of disputed trades.

to agree to allow a qualified person to find an acceptable solution to a disagreement without the need for the disagreement to be solved in court:

Investors generally must agree when they open an account to arbitrate any dispute rather than go to court.

(Definition of “arbitrate” from the Cambridge Business English Dictionary © Cambridge University Press)